Comrad
About this raise
Comrad, with a valuation of $25 million, is raising funds on Republic. The company makes premium compression socks designed for comfort and performance. The socks of Comrad soothe and energize legs and feet while people are standing, sitting, traveling, exercising, or working out. The socks are designed with specific ranges of compression that increase circulation and provide wellness benefits. Comrad is on a $10 million revenue run-rate as of Q2 2022 and has reported a 223% annual revenue growth since its launch. Andrew Ferenci founded Comrad in October 2015. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1,070,000. The campaign proceeds will be used to launch new products.
Investment Overview
Invested $82,247 :
Deal Terms
Company & Team
Company
- Year Founded
- 2015
- Industry
- Apparel & Fashion
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- Low
Financials
- Revenue +26% YoY
- $4,297,364
- Monthly Burn
- $137,024
-
Runway
- 3 months
- Gross Margin
- 78%
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Edge
Compression socks were originally designed for medial use -- to improve circulation or help with musculoskeletal ailments like plantar fasciitis. But thanks to the range of health benefits they offer, compression socks are becoming increasingly popular. You don’t have to be a nurse or have aches in your feet to enjoy improved blood flow, decreased swelling, and even lymphatic drainage.
Those benefits were exactly what Andrew Ferenci needed. He had a job that required him to travel regularly. The frequent plane rides were causing swelling and pain in his feet. He wanted a solution that didn’t scream “medical device,” something he could wear with his regular clothes that wouldn’t draw attention or distract from his work. Thus, Comrad was born.
Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $1,500,000
- VC Backed?
- No
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
12/26/2022 | Republic | $25,000,000 | $82,247 | SAFE | Funded | RegCF |